Servicing

Ocwen Financial is one of at least three investors recently invited in by Goldman Sachs to make a final round of bids on Litton Loan Servicing, the Wall Street firm’s specialty servicing division, according to investment bankers and others close to the situation.

Freddie Mac on Friday began making adjustable-rate mortgages eligible for securitization into its K certificate multifamily mortgage-backed securities.

The market share gap between Fidelity National Financial and First American continues to shrink, even as both companies are losing business to smaller national and regional competitors, according to first quarter data compiled by the American Land Title Association.

For less than $200 up front, Bank of America and Morgan Stanley might have saved themselves a combined $22 million, and a whole lot of embarrassment.

An offering book on Arch Bay Capital, Irvine, Calif., one of the largest investors in nonperforming mortgages, is making the rounds, according to investors and traders familiar with the matter.

In the “pre-crash” days of the mortgage industry two facts were unmovable: that the average nationwide home price would never fall and that servicing rights would never decline.

Shellpoint Partners LLC, a joint venture between company management and Ranieri Partners, has purchased New Penn Financial, an originator of FHA/VA and conforming loans, based in Plymouth Meeting, Pa.

It has been a mixed bag for mortgage-related stocks on Thursday morning, as the Dow Jones Industrial Average slid another 85 points, on top of a decline of 280 points on Wednesday.

In yet another borrower dispute of the use of the Mortgage Electronic Registration Systems, a U.S. District court vacated the nonjudicial foreclosure of an Oregon borrower

A letter signed by 163 congressmen urges federal regulators to loosen the definition of a "qualified residential mortgage," allowing single-family loans with low downpayments and private mortgage insurance to be exempt from pending risk retention rules.